ING Multi-Strategy Balanced

This fund is a fund of funds and invests primarily in a diversified portfolio of funds which invest in equities, real estate stocks, fixed income securities and/or money market instruments. From time to time other financial instruments like currency, cash, etc. may form part of the portfolio. The fund may also get exposure to commodities indirectly via UCITS eligible funds or other eligible financial instruments. The fund strives to add value via three different approaches: (1) Selection within and between the different asset classes (stocks, bonds,...). (2) Selection of in-house and best-in-class third party investment funds and (3) Decide on portfolio diversification and risk management. The fund is actively managed against an investment profile of 45% bonds denominated in Euro, 45% global stocks, 5% global real estate stocks and 5% cash denominated in Euro. Measured over a period of several years we aim to beat the performance of the benchmark (more specifically the net total return index; this index reinvests dividends and coupons after the deduction of withholding taxes). The benchmark is composed of the MSCI Europe (Net) (22.5%), MSCI North America (Net) (13.5%), MSCI Japan (Net) (2.25%), MSCI Emerging Markets (Net) (6.75%), JPMorgan EMU (45%), S and P Developed Property (Net) (5%) and Euribor 1M (5%). You can sell your participation in this fund on each (working) day on which the value of the units is calculated, which for this fund occurs daily. The fund does not aim to provide you with a dividend. It will reinvest all earnings.